K-Love on 107.9 could become one of the top 5 stations (commercial &/or non-com) in PCB. That would make EMF a good steward of the heritage WPFM calls.
If EMF gives up the WPFM calls... I do hope they stay in PCB. . . WPFM-FM would make good calls for Pop WILN Island 106 or Active Rock WRRX 97X.
WBPC 95.1 would score if they could snag the WPFM calls.
With all the station selling in PCB this and next year I'm sure we'll see many new formats appear.
The entire Powell portfolio in PCB sold for well under $1 million bucks. How recently have stand alone Class A stations had $1.5-2 million invested to get on the air in PCB? Maybe 5 years ago? Damn.
If I understand the EMF sale correctly, Powell sold EMF the 107.9 license without the intellectual property and without equipment, so they basically would be getting the rights for the license for the facility from the FCC after all the paperwork was filed and approved. My guess is they would assume the tower lease and would have either moved their station to another building or rented space from Powell. The call letters would be part of what Powell would have kept. Then the hurricane hit and everything was out the window. Except the actual sale of WPFM. The new owner of the three remaining stations paid $325k and I cannot remember, but I would think I heard that when Powell decided not to remain after the hurricane, they turned off several stations that would have been fine if the power had remained on during and after Michael. They also, IIRC, took most of the equipment they could get out of town with. So, that would make me think the new owner has some serious rebuilding to go through and I think they also will have to move their studios away from Gwyn because that space was leased by a new tenant. I would think the new owner would have asked for the WPFM call letters in the deal, but I am not sure Powell would have gone for that. They don't need any call letters beginning with W's.
Call letters don't mean as much today as they did back in the good ole days, but I agree on the historical fun of those call letters, Poledo. Powell bought the four stations for about $236k each (I would have to look that up, as my memory is really not good on those details.) So, paying $108k a stick is a decent buy. Problem is how much more will be invested in the rebuild and even more importantly, on a monthly basis just to get a sales team, air talent (if there is any?) and electricity, marketing, insurance***, crazy tower rentals, equipment and on and on. The cost to buy in is "good" by most radio standards, but long term, this
could still be a really iffy venture. CCENG would have to tell us what he sees and thinks on the market and comeback, because I have zero clue on that at this point. I wonder how Don McCoy's stations are fairing through all of this. We all know iHeart rocked it (plenty of cool interviews out there with Charlie) and they may actually do better, despite fewer residents and so many businesses gone, but a city like PC and all the other smaller towns are full of people who will be strong and their will be a great comeback.